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. back here in the u.s., today president obama, he's calling for a one year extension of bush era tax cuts for families earning less than $250,000 a year without congressional action those cuts expire on january 1st. now to michelle who has both the morning's top corporate news. >> dow alcoa reports. estimated to be up 5.8%. if you remove apple and bank of america, even if you just remove bank of america growth is seen dropping by .4%. if you're wondering why boa, they had a bad quarter compared to a year ago. farnborough air show is under way in europe. meantime boeing is said to be considering a new competing verge of its 787 dreamliner. boeing ceo jim mcnerney will join phil lebeau live at 7:00 a.m. eastern time. thompson reuters is buying fx alliance. heineken will delay investments in brazil after the government raised taxes on beer. starting in october beer taxes will be 28.8% up from 17%. brewers are already suffering from costs. joe, say it ain't so. >> it is so. also on our radar this morning lawmakers returning to capitol hill from their summer break. among the items they wi
whelmingly people are out against this. the idea they want to decide where they use their calories for the day. it's also interesting that the mayor pointed back to this and said this was the way people felt about smoking and look what happened with that ban. >> i don't want to seem like a complete idiot, but yesterday we talked about the 16.9 ounces. >> half a liter. >> 16.9 ounces. we were talking about why it was a standard size. that's the standard size. for our audience in europe, thank you. coming up, earnings the story of the day. you heard about dupont, but we have a lot more. at&t, ups and we have a number of other ones. we take a look at anames to watch, but first, attention aspiring "american idol's". becky, he hope you're watching this. there is a new person to impress. grammy-winning pop star maria ca carey will join "american idol" next season. for those of you playing money ball at home, the news reports say she's paid a whooping $17 million. >> wow. choose control. introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simpl
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